Page 9 - How Australia Retires
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08 Vanguard | Retirement Attitudes Report
Erica
36 years old
Melbourne, Victoria
Erica is a Learning Consultant working in business services. She is a big
believer in flexible working arrangements. At her previous employer, Erica
predominantly worked online which allowed her to spend time living and
working overseas. Erica is fairly confident in her investment knowledge
and has a deep understanding of financial products, whilst also being
engaged with her finances.
Family Financial Future and Retirement Where does Erica see herself in...
• Single, no kids 3 words that best describe her 5 years’ time...
financial future and retirement • Secure a balanced portfolio of
Financial Situation investments and shares
1. Promising: I have a good
• Household income of foundation • Buy investment property
$130,000-$150,000 • Increase super contributions
• Owns her own home and is 2. Innovative: I’m always In 10 years’ time…
paying off her mortgage thinking about different
ways of working to contribute • Consider share portfolio for
to work life balance leading potential children
Confidence Level Financial to retirement • Pay down mortgage
Products • Be close to debt free
3. Adaptable: I’m ready for
• Shares: Moderate changes given anything can
• Bonds: Moderate change the course of my plan
• Exchange traded funds
(ETFs): Very Superannuation
• Managed funds/Investments: She slightly agrees with the
Very following - “I know how much I
• Savings/deposit account: need in my superannuation to have
Moderate a comfortable retirement.”
• Superannuation: Very
Erica feels very confident that she
will be able to fund the lifestyle
she wants in retirement.
Study participants’ names have been changed
